For a guy up to his ears in
Bernie Madoff's dirty money, Chuckie Schumer has some set of onions to be whining about anyone's political contributions. His sneering disdain and contempt toward the
Supreme Court is just breathtaking to behold.
Democratic leaders in Congress unveiled proposals Thursday that would limit the impact of a Supreme Court decision allowing unfettered corporate spending on political campaigns.
Sen. Charles E. Schumer (N.Y.) and Rep. Chris Van Hollen (Md.) called for a ban on companies with more than 20 percent foreign ownership, government contractors and bank bailout recipients from participating in U.S. elections. They also want to require companies to inform shareholders about political spending, and to mandate that corporate chief executives to appear in any political advertising funded by their companies.
Schumer told reporters that the proposals will be introduced later this month.
"If we don't act quickly, the court's ruling will have an immediate and disastrous impact on the 2010 elections," said Schumer, the third-ranking Democrat in the Senate.
Translation: Republicans will beat our brains in so we need to reduce the amount of money they get to use to crush us.
The court's decision has come under sharp criticism from Democrats, who historically have attracted less campaign money from corporations than Republicans. During his State of the Union address, President Obama said the ruling would "open the floodgates for special interests, including foreign corporations, to spend without limit in our elections."
Many Republicans and conservative campaign experts, by contrast, argue that Democrats are overstating the ruling's potential impact and are attempting to demonize corporations in the process. Justice Samuel A. Alito, who sided with the court's majority, mouthed the words "not true" in response to Obama.
Schumer is also living in
a fantasy world.
"We hope to get Republican support," he said. "It's hard to see how Republicans could be against disclosure for influence on our government and so-called pay to play."
Any Republican voting for this cockamamie legislation deserves to be ousted from offic come November.
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